Advisors

When Julie Penwell graduates from Central Washington University this spring, she plans to pursue the career she has been dreaming about since she was 15-years-old — that of a personal financial planner. Penwell decided to pursue the profession after a high school financial planning class gave her what she describes as “base level financial literacy”

A tribute to Jack Bogle, founder and retired CEO of The Vanguard Group, is displayed on the bell balcony over the trading floor of the New York Stock Exchange in New York, January 17, 2019. Brendan McDermid | Reuters If you’re a follower of Jack Bogle’s legendary investment philosophy, you want to buy low-cost index

Jose Luis Pelaez Inc | Getty Images The days of an advisor selling an annuity to a client, nabbing a fat commission and never seeing him again are over. Or at least they should be, if you’re doing it right. Annuities — fixed, variable or indexed — have been long a part of advisors’ toolkits,

Comstock Images | Stockbyte | Getty Images People who have trouble focusing see an optometrist. Those with back pain perhaps visit a chiropractor. Similarly, individuals in unique financial situations, who earn money in a special way or belong to a specific social group may have considered consulting not only one of the nation’s 300,000 or

Sprinklers water the lawns of a housing development in Hesperia, California. (Photo by David McNew/Getty Images) David McNew | Getty Images News | Getty Images You probably have a rough idea of how much energy and water your home uses, based on your utility bills. But new technologies aim to turn the tables, letting you

Two years ago, the Securities Industry and Financial Markets Association conducted a cybersecurity simulation that mimicked a real attack. The test included the participation of more than 50 financial firms, as well as government regulators and SIFMA itself. Now, the industry trade group is preparing for the latest iteration of its test — dubbed Quantum

republica | E+ | Getty Images Socially responsible investing has exploded across the globe and interest in it has never been higher. But there is a real chance the business and financial communities will let slip opportunities to fully capitalize on the demand. SRI assets are growing at nearly 40% year-over-year since 2016, according to

Cultura/Antonio Saba | Getty Images At cocktail parties, financial advisors usually wouldn’t attract the biggest crowd. It’s a profession that never garnered much interest before the Great Recession. But times have changed. As retirement accounts were wiped away and market volatility took hold, investors didn’t mind a little hand-holding from a pro. That’s where financial

Financial advisors have seen clients make very smart, and pretty dumb, 401(k) plan decisions. FatCamera | Getty Images Knowing a person’s investment approach could also provide insight into their financial priorities and what they’re looking for in a financial advisor, a new study suggests. By splitting investors into two categories, based on their general attitudes

Sen. Tim Scott, R-South Carolina, with students from the Richard Wright Public Charter School in Washington, D.C. Scott cosponsored legislation expanding tax-advantaged Opportunity Zones with Sen. Cory Booker, D-New Jersey. Bill Clark | CQ-Roll Call Group | Getty Images How can a formerly failing freshman in a South Carolina high school ultimately build a path

A team of five graduate business students from the University of Vermont traveled to Philadelphia this week to put an impact investing project they have been working on to the test. The trip, which coincided with finals, was a success. The students — Maura Kalil, Emily Klein, Andrew Mallory, Peter Seltzer and Alyssa Stankiewicz —

Tom Grill | Getty Images Eva Dion’s 62nd birthday meant one thing to her husband, Jim. It was time for her to collect Social Security. “I’m from the old school,” Jim, 74, said. “Grab the money while you can.” Yet before Eva made her decision, she mulled it over with her financial advisor, Carolyn McClanahan,

Hero Images | Hero Images | Getty Images Talking about money is one of the most important skills to being a fiscally responsible and literate person. However, 44% of Americans surveyed would rather discuss death, religion or politics than talk about personal finance with a loved one. Why? Two major reasons are embarrassment and fear

By 2016, certified financial planner Kirk Francis had helped numerous small-business owners implement strategies for exiting work. Yet he didn’t have a succession plan in place for his own firm. “I sat there going, ‘Hmmm … the cobbler’s son has no shoes,'” said Francis, CEO and chief compliance officer at Financial Life Advisors in San

Millennials have a certain reputation for being the most interested in investments that also do good for the world. But sustainable investing is really of interest to all investors across all age groups, according to new research from Morningstar. The investment research firm found that a majority of the U.S. population — 72% — is

You’ve probably heard of the Nissan Leaf, Chevrolet Bolt and Tesla Model 3. And most car companies, if they are not selling an electric vehicle, are working on bringing one to market. But consumers in the market for new cars have a right to ask “are we there yet?” when it comes to whether it

When investors are deciding where to stash their cash for retirement, there are several options. Americans rely more and more on saving in their employer-sponsored 401(k) plans — which are heavily funded by tax-deferred salary deferrals from the employee and tax-deferred employer matching contributions. Once employment ends, these 401(k) plan accounts are often rolled over

S&P Dow Jones Indices, a unit of S&P Global Inc., is launching an environmental, social and governance version of its S&P 500 Index in an effort to meet increased investor demand for impact-investment products based on U.S. equities. In the coming months, S&P DJI will also launch a global family of ESG indices based on

If you’re looking in your 401(k) plan for investments that back clean energy or gender and racial diversity, you may have a tough time finding them. A recent survey from Natixis Investment Managers finds that many workers would be more likely to save for retirement if their employer-sponsored retirement plan offered socially-conscious investments. Of the